LG to exit Plasma TV business?

According to company vice president Lee Gyu-hong, LG may be the next manufacturer to leave the plasma TV market, citing the global recession as the main reason.

Gyu-hong added that a prolonged recession would make plasma manufacturing unprofitable for the company, and that he expects LG's official decision to exit the market to come before the end of the year.

Now is the time were I think that Plasma will just be done with all together. I mean honestly, LCD out sells Plasma, last I looked 8-1.... I mean the business is horrible and too expensive for a plasma worth buying. I doubt the plasma industry will continue to exist with only two manufacturers. Even though the remaining two are good brands, they might just cut losses and work on the LCD's. It'd be a smarter move by all means. Time will tell I guess. Also, LG didn't make very good plasmas anyways. lol

This message has been edited since its posting. Latest edit was made on 28 Feb 2009 @ 13:27

Originally posted by MomoAngel: Now is the time were I think that Plasma will just be done with all together. I mean honestly, LCD out sells Plasma, last I looked 8-1.... I mean the business is horrible and too expensive for a plasma worth buying. I doubt the plasma industry will continue to exist with only two manufacturers. Even though the remaining two are good brands, they might just cut losses and work on the LCD's. It'd be a smarter move by all means. Time will tell I guess. Also, LG didn't make very good plasmas anyways. lol

I dont know, one of my mates has a wopper LG and its a fantastic machine. Its a hawaii 50 incher but if u ask me its too big for a house. But it is extemely sharp picture wise and all.

Originally posted by MomoAngel: Now is the time were I think that Plasma will just be done with all together. I mean honestly, LCD out sells Plasma, last I looked 8-1.... I mean the business is horrible and too expensive for a plasma worth buying. I doubt the plasma industry will continue to exist with only two manufacturers. Even though the remaining two are good brands, they might just cut losses and work on the LCD's. It'd be a smarter move by all means. Time will tell I guess. Also, LG didn't make very good plasmas anyways. lol

With all due respect, have you spent any time with an LG or Panny plasma? Seriously, the only reason LCD's are leading 8-1 is due to the burn in scare which is an effective tool for the LCD industry. As far as picture goes, sports, and movies...it's not even close...Plasma blows LCD away.

This message has been edited since its posting. Latest edit was made on 17 Mar 2009 @ 23:45